Director dealings: Intertek boss backs strategy with £3.2m investment
25th Apr 2016 16:29
(ShareCast News) - Not quite a year after being appointed chief executive of Intertek, André Lacroix has splashed out on £3.27m shares as a sizeable vote of confidence in the direction he is taking the testing and safety specialist. The ex-Inchape, Euro Disney and Burger King boss bought 100,000
Read moreThursday broker round-up
3rd Mar 2016 15:02
(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo
Read moreFTSE 100 movers: Housebuilders subside on weak construction report
2nd Mar 2016 14:45
(ShareCast News) - The FTSE 100 was back in the red on Wednesday afternoon, led by ITV and a fall from the larger housebuilding companies. ITV was one of the biggest losers of the day, even as the commercial broadcaster reported a surge in underlying pre-tax profits, which were up 18% to £843m. Whi
Read moreStrong results at Intertek impaired by oil uncertainty
2nd Mar 2016 07:17
(ShareCast News) - Intertek Group reported on what it termed a solid year on Wednesday, though uncertainties in the global oil and gas markets forced the FTSE 100 firm into a statutory loss for the 2015 calendar year. The inspection and certification company's adjusted revenue rose 3.5% to £2.17bn d
Read moreFriday broker round-up
26th Feb 2016 14:05
(ShareCast News) - Burberry: Nomura upgrades to buy with a target price of 1500p. Anglo American: Canaccord downgrades to sell with a target price of 350. South32: UBS reiterates neutral with a target price of 67p, Citigroup stays at buy, 75p target and Exane BNP Paribas keeps at outperform, 70p ta
Read moreIntertek swallows Italian food testing group
18th Dec 2015 07:10
(ShareCast News) - Intertek Group took a big bite of Italian on Friday, as it reached agreement to purchase Food International Trust (FIT-Italia). FIT-Italia specialised in providing food quality assurance services to the retail and agricultural sectors, Intertek said in a market announcement. It wa
Read moreIntertek acquires US-based materials testing company
26th Oct 2015 07:03
(ShareCast News) - Intertek Group has acquired New York-based MT Group LLC and Materials Testing Lab (MT) in a bid to expand its building & construction capabilities in the US. The FTSE 100 listed company announced the deal to acquire the materials testing and inspection services company for the
Read moreFTSE 100 movers: Hargreaves Lansdown rallies; housebuilders slump
14th Oct 2015 14:09
(ShareCast News) - London's FTSE 100 index was down 0.7% to 6,296.01 as worries about a slowdown in the world's second-largest economy continued to undermine sentiment, following the release of disappointing Chinese inflation figures. Shares in luxury fashion retailer Burberry declined for the secon
Read moreLondon pre-open: Stocks seen lower; wage growth figures eyed
14th Oct 2015 07:42
(ShareCast News) - London stocks are expected to open lower on Wednesday as worries about global growth weigh on investors' minds and following weak Chinese inflation data. The FTSE 100 index is seen opening down 47 points at 6295. On the data front, UK claimant count and average weekly earnings a
Read moreIntertek to acquire Professional Service Industries for USD330m
14th Oct 2015 07:05
(ShareCast News) - Intertek Group has agreed to acquire US-based construction material testing and assurance business Professional Service Industries (PSI) for $330m. The FTSE 100 company announced the deal on Wednesday and said PSI was leading, high-quality US business focused on the commercial and
Read moreIntertek buys Danish certification company
14th Sep 2015 07:11
(ShareCast News) - Product testing group Intertek has acquired Dansk Institut for Certificering A/S (DIC) for an undisclosed sum. Intertek said the acquisition of DIC, which is a certification company, will allow it to expand its capabilities and footprint in business assurance in the Nordic region.
Read moreLondon pre-open: Shire set to up the dose
14th Sep 2015 07:10
(ShareCast News) - Stocks were being called to start the day comfortably higher, with the Footsie set to gain 56 about points, riding on the back of Friday's gains on Wall Street. Investors thus seemed to brush off the uncertainty ahead of the US Federal Reserve's impending interest rate decision on
Read moreLondon close: Weak China and US PMIs send FTSE lower
3rd Aug 2015 17:08
(ShareCast News) - Worse-than-expected manufacturing data in the US and China sent the FTSE lower at close on Monday. China's Caixin purchasing managers' index (PMI) on manufacturing activity, which was previously sponsored by HSBC, declined to a two-year low of 47.7 from June's 49.4 on a 100-point
Read moreFTSE 100 movers: Intertek surges on first-half numbers but miners slump on China woes
3rd Aug 2015 16:40
(ShareCast News) - London's top-flight index was down 0.3% at 6,676 by 15:55 BST, as worries about a slowdown in China put pressure on the heavily-weighted mining sector. It wasn't all bad, though, with several bright spots on the corporate front. Intertek surged after posting a 16% rise in first-ha
Read moreLondon midday: FTSE drops as miners fall on downbeat Chinese manufacturing data
3rd Aug 2015 12:33
(ShareCast News) - The FTSE 100 declined at Monday midday, led by miners following the release of lacklustre Chinese manufacturing data. Rio Tinto, Randgold Resources, BHP Billiton and Anglo American were among the fallers as commodity prices took a hit after two separate surveys showed Chinese manu
Read more